People: Erie Indemnity Co (ERIE.OQ)
ERIE.OQ on NASDAQ Stock Exchange Global Select Market
80.00USD
1 Aug 2013
80.00USD
1 Aug 2013
Price Change (% chg)
$-0.37 (-0.46%)
$-0.37 (-0.46%)
Prev Close
$80.37
$80.37
Open
$80.61
$80.61
Day's High
$80.72
$80.72
Day's Low
$79.23
$79.23
Volume
8,645
8,645
Avg. Vol
10,968
10,968
52-wk High
$83.45
$83.45
52-wk Low
$61.63
$61.63
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Thomas Hagen |
77 | 2007 | Independent Chairman of the Board |
Terrence Cavanaugh |
59 | 2008 | President, Chief Executive Officer, Director |
Marcia Dall |
49 | 2009 | Chief Financial Officer, Executive Vice President |
Robert Ingram |
54 | 2012 | Executive Vice President, Chief Information Officer |
James Tanous |
65 | 2007 | Executive Vice President, General Counsel, Secretary |
John Kearns |
53 | 2010 | Executive Vice President - Sales & Marketing |
Richard Burt |
49 | 2012 | Executive Vice President - Products |
George Dufala |
41 | 2010 | Executive Vice President - Services |
Michael Zavasky |
60 | 2008 | Executive Vice President – Insurance Operations |
J. Ralph Borneman |
74 | 1992 | Director |
Jonathan Hagen |
50 | 2005 | Independent Director |
Susan Hagen |
77 | 1980 | Independent Director |
C. Scott Hartz |
67 | 2003 | Independent Director |
Claude Lilly |
66 | 2000 | Independent Director |
Lucian Morrison |
76 | 2006 | Independent Director |
Thomas Palmer |
65 | 2006 | Independent Director |
Martin Sheffield |
62 | 2010 | Independent Director |
Richard Stover |
70 | 2010 | Independent Director |
Elizabeth Vorsheck |
57 | 2007 | Independent Director |
Robert Wilburn |
69 | 1999 | Independent Director |
Biographies
| Name | Description |
|---|---|
Thomas Hagen |
Mr. Thomas B. Hagen serves as Independent Chairman of the Board of Erie Indemnity Company. He is Chairman/Owner, Custom Group Industries, Erie, PA, machining and fabrication manufacturing companies, since 1997; General Partner, Hagen Family Limited Partnership, since 1989; Non-executive Chairman of the Board of Company and of insurance subsidiaries, since 2007, and an employee (1953-1995) and former agent of the Company, including service as President (1982-1990) and Chairman & CEO (1990-1993); Director, Erie Family Life Insurance Company. Mr. Hagen, the son-in-law and close associate of late founder and longtime leader of the Company, has insurance knowledge and experience having previously served the Company for over 40 years in a variety of leadership positions, including as CEO. He has held positions in various insurance industry and business trade groups and currently is immediate past Chairman of the Pennsylvania Chamber of Business and Industry. He also has broad executive management and leadership experience having served on various civic and business boards of directors, including the boards of two other public companies. He has served as Pennsylvania’s Secretary of Commerce and Secretary of Community & Economic Development, and is a retired Captain in the U.S. Navy Reserve. Additionally, he controls the second voting and the non-voting shareholding interest in the Company. |
Terrence Cavanaugh |
Mr. Terrence W. Cavanaugh is President, Chief Executive Officer, Director of Erie Indemnity Company. He is Senior Vice President, Chubb & Son/Federal Insurance, for more than five years prior thereto; Chief Operating Officer, Chubb Surety, for more than five years prior thereto; Director, Erie Indemnity Company, EFL, EIC, Flagship, ENY and EPC. |
Marcia Dall |
Ms. Marcia A. Dall is Chief Financial Officer, Executive Vice President of Erie Indemnity Company. She was Chief Financial Officer – Healthcare, Cigna Corporation, January 2008 through March 2009; Chief Financial Officer – International & U.S. Mortgage Insurance, Genworth Financial, September 2006 through January 2008; Director, EFL, EIC, Flagship, ENY and EPC. |
Robert Ingram |
Mr. Robert C. Ingram III., is Executive Vice President, Chief Information Officer of Erie Indemnity Co. He is Senior Vice President and Chief Information Officer (for Commercial Lines, Hartford Investment Management Company and Enterprise Risk Management), The Hartford Financial Services Group, February 2011 through August 2012; Senior Vice President and Chief Information Officer, Commercial and Consumer Markets, The Hartford Financial Services Group, August 2009 through February 2011; Executive Vice President and Chief Information Officer Director, SAFECO, February 2008 through February 2009; Senior Vice President and Chief Information Officer, Argonaut Group, March 2006 through February 2008; Director, EFL, EIC, Flagship, ENY, and EPC, effective January 1, 2013. |
James Tanous |
Mr. James J. Tanous is Executive Vice President, Secretary, General Counsel of Erie Indemnity Company. He is Director of EFL, EIC, Flagship, ENY and EPC. |
John Kearns |
Mr. John F. Kearns is Executive Vice President - Sales & Marketing of Erie Indemnity Company. He has been Senior Vice President, Commercial Lines Division, February 2007 through August 2010; Director, EFL, EIC, Flagship, ENY and EPC. |
Richard Burt |
Mr. Richard F. Burt Jr., is Executive Vice President - Products of Erie Indemnity Co. He was Senior Vice President, Actuarial, and Chief Actuary, July 2011 through August 2012; Partner and Western Region Practice Leader, Actuarial Risk & Analytics, Deloitte Consulting, LLP, 2002 to July 2011; Director, EFL, EIC, Flagship, ENY, and EPC, effective January 1, 2013. |
George Dufala |
Mr. George D. Dufala is Executive Vice President - Services of Erie Indemnity Company. He has been Senior Vice President, Erie Family Life Insurance Company, October 2008 through August 2010; Senior Vice President, Customer Service, January 2005 through September 2008; Director, EFL, EIC, Flagship, ENY and EPC. |
Michael Zavasky |
Mr. Michael S. Zavasky is Executive Vice President – Insurance Operations of Erie Indemnity Company. He was Senior Vice President–Strategy Management, January 2006 through March 2008; Director, EFL, EIC, Flagship, ENY and EPC. As discussed in the company Form 8-K filing with the Securities and Exchange Commission on November 8, 2011, Michael S. Zavasky has retired effective December 31, 2012. |
J. Ralph Borneman |
Mr. J. Ralph Borneman, Jr., CIC, CPIA, serves as Director of Erie Indemnity Company. He is President, Chief Executive Officer and Chairman of the Board, Body-Borneman Insurance & Financial Services LLC, insurance agency, Boyertown, PA, 2005 to present; President, Chief Executive Officer and Chairman of the Board, Body-Borneman Associates, Inc., insurance agency; President, Body-Borneman, Ltd. and Body-Borneman, Inc., 1967-2005, insurance agencies he co-founded; Director, National Penn Bancshares; Director, Erie Family Life Insurance Company, 1992-2007. Mr. Borneman has knowledge of, and over 40 years of experience with, the business of insurance, agency matters, sales and marketing, and insurance distribution strategies. Mr. Borneman also has experience as a director of other public companies. |
Jonathan Hagen |
Mr. Jonathan Hirt Hagen, J.D., serves as Independent Director of Erie Indemnity Company. He is Vice Chairman, Custom Group Industries, Erie, PA, machining and fabrication manufacturing companies, since 1999; private investor, since 1990; Director, Erie Family Life Insurance Company, 2005-2007. |
Susan Hagen |
Mrs. Susan Hirt Hagen serves as Independent Director of Erie Indemnity Company. She is a Co-Trustee of the H.O. Hirt Trusts, Erie, PA, since 1967; private investor, since 1989; Director, Erie Family Life Insurance Company, 1980-2007. She is one of three trustees of the H.O. Hirt Trusts which control a majority of voting stock. She also individually directly controls a shareholding interest in the Company. In addition to her knowledge of the Company, as longest serving active director, she is a recognized community leader, both locally and statewide. In 2010, she received the Distinguished Citizen of the Commonwealth Award from the Pennsylvania Society. Over many years, she has served on numerous boards of directors, including Chautauqua Institution, Wittenberg University and the Erie Community Foundation. Mrs. Hagen also has prior experience as a director of another public company. |
C. Scott Hartz |
Mr. C. Scott Hartz, CPA, serves as Independent Director of Erie Indemnity Company. He is Chief Executive Officer, Hartz Group, IT and technology consulting, Bala Cynwyd, PA, since 2002; Senior Managing Director, SCIUS Capital Group, LLC, 2002 to 2007; Director, Erie Family Life Insurance Company, 2003-2007; Chief Executive Officer, PwC Consulting, 1995 to 2002. Mr. Hartz has a background in technology, information technology consulting and investments. He has prior experience in executive management and as a director of another public company. |
Claude Lilly |
Dr. Claude C. Lilly, III, Ph.D., serves as Independent Director of Erie Indemnity Company. He is the Dean, College Business and Behavioral Science, Clemson University, Clemson, SC, since 2007; Dean, Belk College of Business Administration, University of North Carolina Charlotte, 1998 to 2007; James J. Harris Chair of Risk Management and Insurance, Belk College of Business Administration, University of North Carolina Charlotte, 1997 to 2007; Chairman of the Board of Directors, Charlotte Branch of the Federal Reserve Bank of Richmond; Director, FairPoint Communications, Inc; Director, Erie Family Life Insurance Company, 2000-2007. Dr. Lilly has experience with risk assessment and management, and broad knowledge of insurance operations, regulation of insurance companies and financial reporting. He satisfies the SEC requirements of an audit committee financial . Dr. Lilly also has experience as a director of other public companies. |
Lucian Morrison |
Mr. Lucian L. Morrison, Esq., serves as Independent Director of Erie Indemnity Company. He is Independent trustee and consultant in trust, estate, probate and qualified plan matters, Houston, TX, since 1992; Director, Far East Energy Corporation; Director, Erie Family Life Insurance Company, 2006-2007. |
Thomas Palmer |
Mr. Thomas W. Palmer, Esq., serves as Independent Director of Erie Indemnity Company. He is a Member and a managing partner of the law firm of Marshall & Melhorn, LLC, Toledo, OH, since 1972; Director, Erie Family Life Insurance Company, 2006-2007. Mr. Palmer has experience with business and corporate law, business dispute resolution, corporate governance, financial reporting and family-owned enterprises. He also has prior experience as a director of another public company. |
Martin Sheffield |
Mr. Martin P. Sheffield, CPCU, serves as Independent Director of Erie Indemnity Company. Mr. Sheffield is Owner, Sheffield Consulting, LLC, Bath, PA, insurance consultants, since 2003; Director, Penn-America Group, Inc., 2002-2005. Mr. Sheffield has insurance industry, business and executive management experience, including having served 22 years as CEO of Co-Operative Insurance Company of Western New York, which ultimately became part of the Erie Insurance Group, as the Executive Director of Strategic Consulting for Ward Group, and as Vice President of the Property-Casualty Rating Division of A.M. . Mr. Sheffield also has prior experience as a director of another public company. |
Richard Stover |
Mr. Richard L. Stover serves as Independent Director of Erie Indemnity Company. Mr. Stover was Managing Principal, Birchmere Capital, L.P., Wexford, PA, private equity fund, since 2000. Mr. Stover’s career has been concentrated in banking and finance. In addition to prior executive experience with financial institutions, including Mellon Bank, Bank of New England and GE Capital, he has knowledge of investments, credit and corporate finance. |
Elizabeth Vorsheck |
Ms. Elizabeth Hirt Vorsheck serves as Independent Director of Erie Indemnity Company. She is a Co-Trustee of the H.O. Hirt Trusts, Erie, PA, since 2007; Administrator of family limited partnerships and a principal of a family charitable foundation for more than ten years. |
Robert Wilburn |
Dr. Robert C. Wilburn, Ph.D., serves as Independent Director of Erie Indemnity Company. He serves as Distinguished Service Professor and Director, Heinz College, Carnegie Mellon University, Washington, D.C., since 2009; President and Chief Executive Officer, Gettysburg Foundation, Gettysburg, PA, 2000 to 2009; Lead Director, Harsco, Inc.; Director, Erie Family Life Insurance Company, 1999-2007. Dr. Wilburn has executive management experience as a university president, CEO of two nationally foundations and service as Pennsylvania’s Secretary of Budget and Secretary of Education. He has knowledge of corporate finance and executive compensation. Dr. Wilburn also has experience as a director of other public companies. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Thomas Hagen |
-- |
Terrence Cavanaugh |
4,515,860 |
Marcia Dall |
1,672,400 |
Robert Ingram |
-- |
James Tanous |
1,725,850 |
John Kearns |
1,428,600 |
Richard Burt |
-- |
George Dufala |
1,613,320 |
Michael Zavasky |
1,554,310 |
J. Ralph Borneman |
-- |
Jonathan Hagen |
-- |
Susan Hagen |
-- |
C. Scott Hartz |
-- |
Claude Lilly |
-- |
Lucian Morrison |
-- |
Thomas Palmer |
-- |
Martin Sheffield |
-- |
Richard Stover |
-- |
Elizabeth Vorsheck |
-- |
Robert Wilburn |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Thomas Hagen |
0 | 0 |
Terrence Cavanaugh |
0 | 0 |
Marcia Dall |
0 | 0 |
Robert Ingram |
0 | 0 |
James Tanous |
0 | 0 |
John Kearns |
0 | 0 |
Richard Burt |
0 | 0 |
George Dufala |
0 | 0 |
Michael Zavasky |
0 | 0 |
J. Ralph Borneman |
0 | 0 |
Jonathan Hagen |
0 | 0 |
Susan Hagen |
0 | 0 |
C. Scott Hartz |
0 | 0 |
Claude Lilly |
0 | 0 |
Lucian Morrison |
0 | 0 |
Thomas Palmer |
0 | 0 |
Martin Sheffield |
0 | 0 |
Richard Stover |
0 | 0 |
Elizabeth Vorsheck |
0 | 0 |
Robert Wilburn |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
BRINLING JEFFREY W |
7 | $79.69 |
PETERMAN RANDALL T |
9 | $79.69 |
KEARNS JOHN F |
16 | $79.69 |
DUFALA GEORGE D JR |
14 | $79.69 |
FELTZ UPPERMAN LORIANNE |
2 | $79.69 |
SILVER SHERRI A |
13 | $79.69 |
MCNUTT ROBERT W |
3 | $79.69 |
MYERS MATTHEW W |
10 | $79.69 |
BEILHARZ SCOTT W |
2 | $79.69 |
SMITH DOUGLAS EDWARD |
1 | $79.69 |
PLAZONY MICHAEL A |
9 | $79.69 |
ZIMMER CHRISTOPHER J |
5 | $79.69 |
WALLACE OAKLEY DIONNE |
2 | $79.69 |
WALLACE OAKLEY DIONNE |
2 | $75.91 |
PETERMAN RANDALL T |
10 | $75.91 |
ZIMMER CHRISTOPHER J |
9 | $75.19 |
PLAZONY MICHAEL A |
10 | $75.91 |
SILVER SHERRI A |
12 | $75.91 |
MYERS MATTHEW W |
10 | $75.91 |
SMITH DOUGLAS EDWARD |
1 | $75.91 |
MCNUTT ROBERT W |
4 | $75.91 |
FELTZ UPPERMAN LORIANNE |
3,188 | $81.31 |
TANOUS JAMES J |
2 | $79.57 |
COLAIZZO LOUIS F |
5 | $79.57 |
WALLACE OAKLEY DIONNE |
2 | $79.57 |

